ISB (9702) Q1 2023 earnings summary

Executive summary

• Q1 revenue and profit rose YoY, setting a record for first-quarter results; demand increased across all four business fields.

• Full-year FY2023 guidance was raised for revenue, operating profit, ordinary profit, and net income.

Financial highlights

• Q1 revenue was ¥8,366m, up from ¥7,056m YoY; the comparison ratio was 119%.

• Operating profit was ¥1,030m vs. ¥695m YoY; ordinary profit was ¥1,042m vs. ¥697m.

• Net income attributable to parent shareholders was ¥579m vs. ¥445m YoY; comparison ratio was 130%.

Outlook and guidance

• FY2023 revenue guidance increased ¥1,000m to ¥31,000m; operating profit guidance rose ¥200m to ¥2,600m.

• FY2023 ordinary profit guidance increased ¥215m to ¥2,645m; net income guidance rose ¥150m to ¥1,590m.

• Full-year operating margin guidance rose 0.4pt to 8.4%, from 8.0%.